Oil India Q3 Results: Profit Up 3.12% On Higher Sales

Oil India Ltd's net profit for the third quarter of fiscal 2024 rose on higher sales.

Revenue contribution from refinery products segment was highest at Rs 8,136.1 crore, as compared with Rs 5,892 crore sequentially and Rs 7,635.7 a year ago.

The contribution from crude oil segment was lower at Rs 4,213.3 crore, as against Rs 4,372.1 crore sequentially. But, this was higher than Rs 3,985.9 crore reported a year ago.

Natural gas revenue stood at Rs 1,410.04 crore, as compared with Rs 1,333 crore reported last quarter. However, it was lower than Rs 1,660.3 crore reported a year ago.

Shares of Oil India closed 1.21% higher, as compared with a 0.68% rise in the benchmark Sensex.